Year 2008 Benefit Payment Schedule:

Retirement benefit checks are issued on a monthly basis and dated the last business day of each month.

Direct Deposit payments are automatically credited to the retiree assigned bank accounts, also on the last business day of each month. Direct Deposit Statements are mailed to retirees on a monthly basis illustrating the breakdown of each monthly withholding and year to date figures, exactly the same as the retiree payroll check stub.

All retirees who retire on or after January 1, 2002 are required to have their monthly retirement checks directly deposited into their bank account.

All questions concerning Health Insurance should be directed to the office of the

Town Auditor at 617-972-6460.

All transactions involving the Watertown Municipal Credit Union should be handled directly with the Credit Union at 617-924-0160.